Insolvency practitioner deals with IVA
An insolvency practitioner deals with individual voluntary arrangement. Insolvency Practitioner is a kind of occupation that you can adopt by giving JIEB Exams. Insolvency practitioner helps you to propose your IVA plan. It also allows you to pay one affordable payment instead of multiple installments. Insolvency practitioner’s work comes under insolvency act 1986. Insolvency Practitioner is sufficient to attend serious situations and preserves you in opposition to bankruptcy troubles by giving lawful resolution. The work of an Insolvency practitioner is very interesting and important because he gives you protection from any legal action which can be taken by your loan companies or lenders. There are recently 2500 insolvency practitioners across UK. If you want to apply for insolvency practitioner, you have to qualify Joint Insolvency Examination Board (JIEB). You should be a UK citizen. JIEB exams are held only once a year mostly in the month of November. It has 3 exams (1) Liquidations,(2) Administrations, Company Voluntary Arrangements (CVAs) and Receiverships and (3) Personal Insolvency. 3.5 hours time is allotted for each paper. After qualifying JIEB examinations, you will be required to get some experience under licensed insolvency Practitioners as it is compulsory. If you are facing bad financial condition and want an insolvency practitioner who can propose your IVA, we can help you. We have experienced licensed insolvency practitioners; they will handle your case and help you to avoid bankruptcy trouble as well. Call us for further legal advice.
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